Firms like Tencent and Alibaba are trying to boost investor confidence in the sector, whose stock prices have recently hit alarming lows.

Tencent ramps up share buybacks after a $309 billion market value loss, repurchasing billions in stock as AI spending concerns weigh on investor sentiment.

Firms like Tencent and Alibaba are trying to boost investor confidence in the sector, whose stock prices have recently hit alarming lows.